Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Holdings in Fifth Era Acquisition Corp I $FERA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Fifth Era Acquisition Corp I (NASDAQ:FERA) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,000 shares of the company’s stock after selling 50,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fifth Era Acquisition Corp I were worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Glazer Capital LLC grew its stake in Fifth Era Acquisition Corp I by 31.8% in the fourth quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after purchasing an additional 218,282 shares during the last quarter. Radcliffe Capital Management L.P. lifted its position in shares of Fifth Era Acquisition Corp I by 22.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after buying an additional 75,201 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in shares of Fifth Era Acquisition Corp I by 34.4% during the fourth quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after buying an additional 102,372 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at about $447,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at about $104,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Fifth Era Acquisition Corp I presently has a consensus rating of “Sell”.

Fifth Era Acquisition Corp I Trading Up 0.0%

Shares of FERA stock opened at $10.45 on Thursday. The stock’s fifty day simple moving average is $10.40. Fifth Era Acquisition Corp I has a 1-year low of $10.13 and a 1-year high of $10.50.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last released its quarterly earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter. The business had revenue of $2.09 million during the quarter.

About Fifth Era Acquisition Corp I

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.